Cetus Protocol announces it will resume operations at 10:00 on 08/06, with full functionality restored.
To replenish liquidity, the team has:
+ Restored assets through an on-chain vote and rebalanced the assets.
+ Committed to using $7 million from the reserve fund to buy back the missing tokens,
+ Borrowed $30 million USDC from the SUI Foundation.
Compensation in CETUS tokens will account for 15% of the total supply, of which:
+ 5% can be claimed immediately upon resumption.
+ The remaining 10% will be allocated linearly over 12 months.
The goal is to restore trust and liquidity in the ecosystem.
$SUI $CETUS
To replenish liquidity, the team has:
+ Restored assets through an on-chain vote and rebalanced the assets.
+ Committed to using $7 million from the reserve fund to buy back the missing tokens,
+ Borrowed $30 million USDC from the SUI Foundation.
Compensation in CETUS tokens will account for 15% of the total supply, of which:
+ 5% can be claimed immediately upon resumption.
+ The remaining 10% will be allocated linearly over 12 months.
The goal is to restore trust and liquidity in the ecosystem.
$SUI $CETUS